Five SMPC members voted to hold rates in December, while one voted for a 0.25% rate reduction, one voted for a 0.5% cut, and two members voted for a 0.25% increase. The members' explanation for their decisions can be downloaded above.
"The IEA continues to show the vitality and relevance of free market economics." – David Willetts MP
Shadow MPC Votes to Hold Interest Rates - 4th December 2005
SMPC voted seven to two not to increase interest rates this month
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